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Influential Role of Energy Sources on the Economic Development of Pakistan; A Comparative Analysis of Renewable and Non-Renewable Energy Consumptions

机译:能源对巴基斯坦经济发展的影响作用;可再生能源和不可再生能源消费的比较分析

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The purpose of this study is to analyze the empirical effects of renewable and non-renewable energy consumptions on economic growth of Pakistan. To achieve this objective, time series data for the period of 1986 to 2015 is considered using Autoregressive Distributed Lag (ARDL) approach of cointegration with error correction model that offer short run and long run estimations. Results indicate that renewable energy consumptions along with dry natural gases turned out to be more prominent factors in effecting the economic growth positively for short and long run. However, kerosene oil and liquid petroleum gases have insignificant effects on economic development for both periods. Therefore, this study suggests that Pakistan should lower the intake of non-renewable energy consumptions sources to achieve and sustain higher economic proficiency.
机译:这项研究的目的是分析可再生和不可再生能源消耗对巴基斯坦经济增长的实证影响。为了实现此目标,我们使用自回归分布式滞后(ARDL)协整方法和误差校正模型来考虑1986年至2015年的时间序列数据,该模型提供了短期和长期估计。结果表明,可再生能源的消费与干燥的天然气一起成为短期和长期对经济增长产生积极影响的更为重要的因素。然而,在这两个时期,煤油和液态石油气对经济发展的影响都不显着。因此,这项研究表明,巴基斯坦应降低不可再生能源消费来源的摄入量,以实现并维持较高的经济水平。

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